Profitability to drive next leg of bank re-rating: Morgan Stanley analyst

Large private banks seen as best positioned to gain from improving spreads and macro tailwinds, says Morgan Stanley’s Sumeet Kariwala

Large private banks seen as best positioned to gain from improving spreads and macro tailwinds, says Morgan Stanley’s Sumeet Kariwala

The NSE Nifty 50 fell 174 points, or 0.70%, to close at 24,543, slipping below the 24,600 mark, while the S&P BSE Sensex declined 636 points, or 0.78%, to finish at 80,738. The broader market also remained under pressure, with…

Key drivers behind the price spike include escalating trade tensions, which are boosting demand for safe-haven assets, and a weaker US dollar, which has made silver more attractive to international buyers.

Motilal Oswal’s outlook suggests cautious optimism, with broad-based earnings support expected to return in FY26.

US Stock Market Live: US stock futures slipped Tuesday morning after a positive start to June. Investors await earnings reports and economic data amid US-China trade tensions.

Sansera Engineering has secured a long-term ₹160 crore contract with Airbus to manufacture airborne intensive care transport modules for defence aircraft.

The domestic trigger behind the surge is the early arrival of the Monsoons across the country. The Indian Meteorological Department (IMD) has predicted an early onset of the monsoon along with above-normal rainfall for the 2025 season.

Among large-cap IT stocks, brokerage firm Emkay Global’s top picks, in order of preference, include Infosys, Tata Consultancy Services, Tech Mahindra, LTIMindtree, HCL Technologies, and Wipro.

On the earnings front, Sonthalia sees no major disappointments. Around 3,000 companies have reported results with 15% growth, exceeding expectations across large, mid, and small caps. But the market seems reluctant to build on that, as it waits for new…

Leveraging its first-mover advantage, Go Colors has successfully established a direct-to-consumer (D2C) brand, offering a wide range of products through 776 exclusive brand outlets (EBOs) across 180 cities.